Market Insight: May 16, 2013


Africa

•  Lonmin workers asked by union to return to duty at Marikana mine
•  Ghana inflation accelerates to 3-year high at 10.6% in April
•  Botswana inflation rate drops to 7.2% in April vs 7.6% in March

Nigeria

•  ASI +0.67%, $29.53mill
•  Banking stocks lead the market higher with the Bank 10 Index gaining 1.05%
•  UBA gained 2.54% yesterday after releasing Q1 2013 results

Kenya

•  NSE20 +1.52%, $16.3mill
•  Large crosses in Safcom and ARM drove activity with foreigners heavily involved

Botswana

•  DCI -7bps, $4.8mill

Egypt

•  EGX30 +102bps, $67mill

Mauritius

•  Semdex +33bps, $1.45m

South Africa

•  Top40 +75bps, $1.61bn

Zambia

•  LuSE -126bps, $918k

Zimbabwe

•  Ind +48bps, mining +59bps, $2.68mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.28

-8.72

Nigeria

NGN

157.45

-0.83

Kenya

KES

83.85

+2.69

Mauritius

MUR

31.15

-1.93

Botswana

BWP

8.29

+6.55

Tanzania

TZS

1628.00

-2.64

Uganda

UGX

2585.00

+3.59

Rwanda

RWF

640.09

-1.35

Ghana

GHS

1.98

-4.27

BRVM

XOF

512.50

-2.57

Egypt

EGP

6.97

-8.71

Morocco

MAD

8.64

-2.00

Tunisia

TND

1.66

-6.76

contacts
  • Bermuda +1 441 278 7620
  • South Africa +27 11 268 5833